The Justice Department found soccer confederation Conmebol, which has recently switched law firms, uncooperative during the Fifa-tied bribery investigation, according to sources close to the case.
24 May 2016: In the latest FCPA news, Parker Drilling sheds a three-year deferred prosecution agreement (DPA) with the Justice Department, and the US Treasury Department’s Financial Industry Regulatory Authority (FINRA) sanctions a former compliance officer for failing to implement anti-money laundering controls.
The way a company answers a particular question during so-called Filip factor presentations can be a “real sign” of the effectiveness of its compliance programme, the Justice Department’s criminal fraud section chief said on 23 May.
23 May 2016: In the latest news round-up, a Florida appeals court refuses to stay the arbitration of a fee dispute between Quinn Emanuel Urquhart & Sullivan and former PetroTiger CEO Joseph Sigelman, and a US networking technology company settles an FCPA-related whistleblower lawsuit brought by a former in-house lawyer.
20 May 2016: In the latest news round-up, South American soccer governing body Conmebol swaps legal representation and a report by non-profit Global Witness sparks uproar in Liberia.
In separate commentaries published on 18 May, two law professors expressed concern over judges’ diminishing authority to oversee cases, citing recent matters involving HSBC and Fokker.
19 May 2016: In the latest FCPA news, the SFO expands its investigation into potential foreign bribery at Rolls-Royce to Nigeria, and London-based bank Standard Chartered reportedly informs the DOJ of alleged bribery at MAXpower.
The criminal division fraud section’s second-in-command, Rebecca Rohr, has left the DOJ to become vice president for global anti-corruption at technology company Hewlett Packard Enterprise.
Dickinson Wright has boosted its white-collar team by hiring a new practice head and a Washington, DC, prosecutor.
Aegerion Pharmaceuticals has agreed in principle with the SEC and DOJ to pay US$40 million to resolve alleged violations of several US healthcare-related laws – but an outstanding investigation into possible FCPA violations has been excluded from the proposed settlement.
One part of the Justice Department’s proposed anti-corruption legislation could be unconstitutional, say lawyers, because the law does not make clear what crimes it intends to cover.
The Justice Department is hiring new Foreign Corrupt Practices Act unit prosecutors on two-year contracts, suggesting the recruitment drive is being funded from corporate fines.
Deputy US Attorney General Sally Yates defended the department’s new policy on individual white collar-crime prosecutions at a conference today just after her predecessor appeared on a panel and picked it apart.
An insurer initially declined to cover the FCPA defence costs of a real estate company by effectively claiming the subpoenas issued by US authorities concerned an investigation into US retail chain Wal-Mart, court documents reveal.
The Securities and Exchange Commission may at times prefer that companies avoid sharing certain information with overseas law enforcement authorities, an FCPA lawyer for the agency said on 3 May.
Canada’s highest court has ruled that the World Bank does not have to turn over documents from a corruption investigation into construction company SNC-Lavalin to defendants fighting related foreign bribery charges.